The Restaurant of the Future
The restaurant industry has seen its share of structural shocks in the past two years, with the pandemic affecting sales in 2020 and supply chain constraints affecting operators in 2021. In 2022, the industry has been facing rampant inflation, a cash-constrained consumer, and new subvariants of COVID-19.
As we enter the back half of 2022, where does the restaurant industry stand? What does the latest data show in terms of the following areas?
• Consumer traffic patterns at quick-service, full-service, and fast-casual restaurants
• Performance of chain restaurants vs. independent restaurants
• Trending menu items and restaurant concepts
• Ghost kitchens vs. virtual brands
In addition, as we look out to the next 12-24 months, what are some key considerations that restaurant operators need to be prepared for? What does the “restaurant of the future” look like?
Watch this FI-exclusive webinar as we invite R.J. Hottovy of Placer.ai and Patrick O’Reilly of Marcum LLP to share their insights on the state of the restaurant industry.
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Sponsored By:
Placer.ai
Placer.ai is the most advanced foot traffic analytics platform allowing anyone with a stake in the physical world to instantly generate insights into any property for a deeper understanding of the factors that drive success. It is the first platform that fully empowers professionals in retail, commercial real estate, dining, and more to truly understand and maximize their offline activities with reporting capabilities that include visit trends, True Trade Areas, cannibalization/void analysis, demographics, cross-shopping, and favorite places. To learn more, visit https://hubs.li/Q019NFjv0.
Marcum LLP
Marcum LLP’s Food & Beverage Services group has the perfect recipe of knowledge and service capabilities to help companies stay flexible. Marcum’s professionals provide the accounting, tax, and consulting services so that companies can concentrate on the growth of their business. Marcum serves a variety of food and beverage clients including distributors and manufacturers, importers, restaurant chains, processors and packaging, agribusinesses, and retailers. For more information, please visit https://www.marcumllp.com/industries/food-beverage.
Hottovy's efforts have been recognized by several financial and trade publications, including CNBC, The Wall Street Journal, Investors Business Daily, Barron's, BusinessWeek, Forbes, and The Economist. He is an active member of the CFA Society of Chicago and maintains a regular teaching schedule through the University of Notre Dame Mendoza College of Business and the Girls Who Invest program. He was also a finalist for Crain's Chicago "40 Under 40" award in 2011. Hottovy graduated Magna Cum Laude from the University of Notre Dame with a BA in Finance and a second degree in Computer Applications.
Mr. O’Reilly is knowledgeable in taxation, business plan formulation and implementation, human resources management, payroll, benefits administration, insurance, retirement plans, and all manners of financial accounting software applications. He primarily functions as an outsourced CFO or Controller to clients of varying sizes. The work performed is often an outsourced placement but can be applied in interim situations as well and service levels can be scaled up or down depending on the needs.
